Friday, April 10, 2020
A total of AUD$900 million through a mix of capital raising and new debt facilities was secured by the company as it battles a downturn in business in the midst of the coronavirus pandemic.
The additional funding implies the group’s total liquidity position now amounts to over AUD$2.3 billion.
Subsidiary FCM Travel Solutions will be able to increase its focus on key investments and support customers even during prolonged challenging business travel trading conditions.
FCM has a global presence in over 100 countries and continues to see strong customer activity in both sales and implementation, with record wins year to date.
Marcus Eklund, global managing director, FCM Travel Solutions mentioned that their priority is to support customers and reassure them that they can trust and count on FCM during these unprecedented times and beyond.
FCM’s financial strength is a key element of that trust and with this announcement of additional funding the customers will get the confidence that are ready to support them when their business travel activity resumes, and that they will also be in a position to accelerate FCM’s growth in the future.
Tags: FCm
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